Mortgage lead for Residential loan in St. Cloud, MN, 56303

Loan Request for Residential loan in St. Cloud, MN, 56303

Request #3746646 by Lender

Date Posted

7/21/2025 9:35:35 AM

Property at

St. Cloud, MN, 56303, USA Show Map

Borrower at

Property Type

Residential

Property Value

$280,000

Purchase Price

$280,000

Loan Request

$230,000

LTV

82.14 %

Credit Rating

660-679

Net Worth

$70,000 - $100,000

Loan Purpose

Property Purchase

Purpose

I am seeking a loan of $260,000 for the explicit purpose of purchasing a residential property located at 2933 Monroe Place, St. Cloud, MN. This investment will allow me to expand my business portfolio by acquiring a residential property, representing a significant step in achieving my business growth objectives.

**Details of Purpose:**
The property, assessed at $280,000 and in good condition, promises substantial potential for value appreciation and income generation. The strategic acquisition of this property will enhance my current asset base and provide an additional revenue stream through potential rental income once market conditions become favorable, aligning with a solid risk-return ratio.

**Lender Benefits:**
This loan is a secure opportunity for the lender, as it supports a business-focused acquisition with a loan-to-value ratio of 92.86%. My credit rating of 660-679 and net worth of up to $100,000 underpin a strong financial foundation, reducing default risk.

**Closing Statement:**
I am confident that with your support, this loan will lead to mutual success and I am grateful for your consideration.

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Loan Request for Residential loan in St. Cloud, MN, 56303